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Wheeling, WV - House Price Index (HPI) - 15 Year Chart
Wheeling Real Estate Market
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1000
The House Price Index (HPI) shows changes in Wheeling, WV-OH single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Wednesday, March 28, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Wheeling Real Estate Index: 15 Year Chart
Home Values Appreciation Rate - US Cities
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Wheeling Real Estate Market: Trend, Analysis & Statistics
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Commentary  10427
4th Quarter, 2011 Housing Statistics: Wheeling, West Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      73%

Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Wheeling housing market for the 12
months ending with the 4th Quarter of 2012 is UP. The Accuracy of the Trend
Forecast for Wheeling is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Wheeling is 73% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2012 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Wheeling
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Wheeling housing market for the 3 years
ending with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast
for Wheeling is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Wheeling is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Wheeling
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Wheeling, West Virginia


Historical Home Price Appreciation
Last Quarter                         1.86%
Last Year                              0.5%
Last 5 Years                         4%
Last 10 Years                       27%
Last 20 Years                       
Decline From All Time High   3.52%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      0.70%
1995      5.84%
1996      -3.44%
1997      13.81%
1998      4.98%
1999      -1.02%
2000      6.16%
2001      4.61%
2002      3.07%
2003      5.17%
2004      6.57%
2005      0.49%
2006      5.80%
2007      0.36%
2008      2.75%
2009      -1.67%
2010      1.64%
2011      0.48%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.86%         Rank: 43 of 381 (88th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.5%           Rank: 36 of 381 (90th Percentile)
Last 5 Years                              4%              Rank: 70 of 381 (81st Percentile)
Last 10 Years  . . . . . . . . . . . .   27%            Rank: 171 of 381 (55th Percentile)

Decline From All Time High        3.52%

Home Price appreciation rates for Wheeling, WV-OH are shown above for five
time periods. For example: Wheeling appreciated 1.86% in the Last Quarter. At
that rate, the Wheeling Real Estate Market was ranked 43rd out of 381
metropolitan areas for Real Estate Appreciation. Wheeling was in the 88th
percentile. So Wheeling, WV performed better in the Last Quarter than 88% of
the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Wheeling, West Virginia

The all time high in the Wheeling Home Price Index was 166.4 in the 2nd
Quarter, of 2008. The 4th Quarter, 2011 index value was 160.5. That's a
decline of 5.86 points or 3.52% below the Wheeling Home Price Index all time
high.  The Home Price Index indicates that the Wheeling Market is up 27% over
the last 10 years. Home prices in the Wheeling Real Estate Market have gained
0.48% over the last 12 months.

The 4th Quarter index value was 2.93 points higher than the 3rd Quarter, 2011
index value of 157.56, resulting in a 1.86% rise in the 4th Quarter for the
Wheeling Market.

The Wheeling Home Price Index has increased for the last 3 consecutive
quarters. That makes Wheeling the current record holder for consecutive
quarterly increases in the Home Price Index (along with Washington, DC; St.
Cloud, MN and Grand Forks, ND; which also had 3 consecutive quarterly
increases). The current record holder for consecutive declines in the Home
Price Index is Las Vegas, NV, with declines in the last 20 consecutive quarters.

The highest annual home appreciation rate in the Wheeling Real Estate Market
was 14% in the twelve months ended with the 4th Quarter of 1997. The worst
annual home appreciation rate in the Wheeling Market was -6% in the twelve
months ended with the 3rd Quarter of 1994.

The highest home appreciation in the Wheeling Real Estate Market over a
three year period was 19% in the three years ended with the 3rd Quarter of
1997. The worst home appreciation over a three year period in the Wheeling
Market was -6% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Wheeling Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Wheeling Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Wheeling Real Estate Market. Another opens a forecast for
appreciation rates in the state of West Virginia. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Wheeling Home
Prices will be at your fingertips when you need them.

Historical data on the Wheeling Home Price Index is available back to the 2nd
Quarter, of 1993. All calculations are based on the quarterly value of the House
Price Index for the Wheeling Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Wheeling Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2011 Housing Data: Wheeling, West Virginia

The appreciation of Wheeling Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 4th Quarter of 2011, Wheeling Home Prices had a rank of 43, with
appreciation of 1.86%. The top performing real estate market during the 4th
Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market during
that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Wheeling Home Prices had a rank of 36, with
appreciation during the year of 0.48%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Wheeling Home Prices
ranked 70, with a total appreciation of 3.6%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Wheeling Home Prices
had a rank of 171, with appreciation during the decade of 27%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
Twenty year data is not available
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

Historical research data on the Home Price Index for the Wheeling Real Estate
Market is available back to the 2nd Quarter, of 1993. All calculations are based
on the quarterly value of the House Price Index for Wheeling. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)




























































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